Latest On Roy Oswalt: Contract Details, Future

Last week, the Rockies struck a deal with Roy Oswalt, signing him to a minor league pact with an eye on the 35-year-old joining their rotation and providing a boost as the season progresses. Ken Rosenthal of FOX Sports provides a very detailed breakdown…

Oswalt will earn the pro-rated version of a $2.3MM base salary once he reaches the Major Leagues, and will make $15K per month in the meantime while in the minors.

The contract includes a $400K roster bonus for being added to the big league club, $1.35MM of incentives for number of starts made, and $1.25MM worth of incentives for innings pitched.

Oswalt will receive $250K for reaching eight, 10 and 12 starts. He will receive an additional $200K for his 14th, 16th and 18th starts.

The contract has out clauses on June 18 and June 28. If Oswalt is not on the Major League roster by either of those dates, he has the option to request his release if he is not promoted within 72 hours.

Meanwhile, Jon Heyman of CBS Sports writes that Oswalt is out to re-establish himself as a quality Major League pitcher and repair the damage to his reputation. Many in the game have been turned off by Oswalt's late starts, his selectivity over where he will pitch and his inability to mesh with what was reportedly a very positive Rangers clubhouse in 2012.

According to Heyman, Oswalt wants to pitch beyond 2013, and that includes joining future teammates in Spring Training rather than sitting out the first month or two of the season as he's done in 2012-13.

Heyman also reports that the Rockies weren't the only team to show interest in Oswalt this time around, but the veteran rebuffed "a couple" of other offers to eventually sign with Colorado.